This cryptocurrency is really burning a hole in my pocket


When Bitcoin first appeared out of digital, it has been hailed as having the potential to revolutionize the way people spend their money. But more than a decade later, cryptocurrency is still only entering the mainstream.

This week, Tesla bought $ 1.5 billion worth of Bitcoin and announced plans to start accepting it as a payment method for its electric vehicles. The price of Bitcoin immediately surged as the move seemed to signal a shift towards broader acceptance of cryptocurrency in general. But is this just another fleeting stunt of Elon Musk, or is it really a sustainable way of doing business?

This week on Gadget Lab, WIRED writer Greg Barber joins us to talk about Tesla’s crypto plans, the re-emergence of Dogecoin, and why blockchain has yet to revolutionize currency.

Show Notes

Read Greg’s story on Tesla and Bitcoin here. Learn more about how WIRED lost over $ 500,000 in Bitcoin here. Don’t miss Megan Molteni CRISPR cow cover story. And here is a good David Bowie Reading List.

Recommendations

Greg recommends the cooking site The woks of life. Mike recommends it Off the Record: David Bowie podcast from iHeartRadio. Lauren recommends the New York Times documentary Coaching Britney Spears on Hulu.

Greg Barber can be found on Twitter @GregoryJBarber. Lauren Goode is @LaurenGoode. Michael Calore is @snack. Bling the main hotline at @GadgetLab. The show is produced by Boone Ashworth (@booneashworth). Our theme music is by Solar keys.

If you have any comments on the show, or if you just want to enter to win a $ 50 gift card, take our brief audience survey. here.

Publicity Note: WIRED Brand Lab is a creative studio of the publisher of WIRED. The Gadget Lab and WIRED editorial staff are not involved in the creation of Brand Lab content.

How to listen

You can still listen to this week’s podcast through the audio player on this page, but if you want to subscribe for free to get every episode, here’s how:

If you’re using an iPhone or iPad, open the app called Podcasts, or press this link. You can also download an app like Overcast or Pocket Casts, and search for Gadget Lab. If you are using Android, you can find us in the Google Podcasts app just by typing here. We are on Spotify too much. And in case you really need it, here is the RSS feed.


More WIRED stories



Leave a Reply

Your email address will not be published. Required fields are marked *